708 5th ST SW, Roanoke, VA 24016 (MLS# 808917)

$249,000

708 5th ST SW
Roanoke, VA 24016
MLS# 808917
1 baths

1 / 9

Property Description
The 5th Street Laundromat is located just outside Roanoke's Central Business District and serves Downtown Roanoke, Old Southwest and the Mountain View neighborhoods. This well maintained building was recently renovated and has a new roof. The sale of the property includes all business assets and inventory. NOI = $26,869

Details

Maps

Contract Information

Current Price: $200,000

Sold Price: $200,000

List Date: 2014-10-16

Status: Closed

General Property Description

Construction Status: Completed

Year Built: 1966

Type of Business: Laundromat

Lot Dimensions: 155X50

Total Acreage: 0.18

Road Frontage: 155

Flood Area: No

Gross Lot SqFt: 7737

On site Parking: Yes

Parking Spaces: 6

Gross Building SqFt: 1200

Retail SqFt: 1200

Lease Available: No

Basement Y/N: No

Total Bths: 1

Water Class: N/A

Location, Legal & Taxes

Major Area: 01 - City of Roanoke

Area: 0130 - City of Roanoke - SW

Street Number: 708

Street Name: 5th

Street Suffix: ST

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Legal: Lot 1 Blk 3 F & T

Municipality: City of Roanoke

Tax ID: 1020101

Annual Taxes: 790.16

Zoning Code: CN

Remarks & Misc

Directions: West on Elm Ave. Right on 5th St. Property on Right.

Status Change Info

Ratified Contract Dt: 2015-08-30

Sold Date: 2015-11-18

Sold Price: $200,000

Income & Expenses

Gross Income: 45715

Net Operating Income: 45715

Gross Expenses: 18846

Operating Expense: 18846

Miscellaneous Info

Equipment Pass: Yes

Inventory Included: Yes

Property Features

Limited Service: Not Limited Service

Commercial Type: Retail

Sale Includes: Building & Land

Construction: Block

Roof System: Shingle

Heating: Electric

Cooling: Electric

Floors: Concrete

Manufactured Homes: No HUD Tag

Additional Features: Display Window

Water Description: Public Water

Sewer Description: Public Sewer

Water Heater Type: Tank

Water Heater Energy: Electric

Internet Access: Cable

Topography: Level

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: November - 22 - 2015

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